diff --git a/packages/react-error-overlay/package.json b/packages/react-error-overlay/package.json
index a1d031af960..defdc4fa498 100644
--- a/packages/react-error-overlay/package.json
+++ b/packages/react-error-overlay/package.json
@@ -59,7 +59,6 @@
     "jest-fetch-mock": "2.1.2",
     "object-assign": "4.1.1",
     "promise": "8.1.0",
-    "raw-loader": "^4.0.2",
     "react": "^17.0.1",
     "react-app-polyfill": "^2.0.0",
     "react-dom": "^17.0.1",
diff --git a/packages/react-error-overlay/webpack.config.js b/packages/react-error-overlay/webpack.config.js
index 82dec77be5b..dc816b6f103 100644
--- a/packages/react-error-overlay/webpack.config.js
+++ b/packages/react-error-overlay/webpack.config.js
@@ -16,12 +16,13 @@ module.exports = {
     filename: 'index.js',
     library: 'ReactErrorOverlay',
     libraryTarget: 'umd',
+    assetModuleFilename: 'assets/[hash][ext][query]',
   },
   module: {
     rules: [
       {
         test: /iframe-bundle\.js$/,
-        use: 'raw-loader',
+        type: 'asset/source',
       },
       {
         test: /\.js$/,